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Balance Reader

Do you regularly process positions from financial reports? Then the Balance Reader can speed up your processes and save cost.

It automates the reading of the balance sheet, profit and loss statement, cash flow statement, etc. and exports them in a structured format suited to your individual requirements.

The Balance Reader was developed for banks and insurance companies that regularly process annual financial statements.

Over 5,000 users are already successfully auditing with Notes Auditor!

Facts

You save time and money

  • Up to 90% time saving through automation
  • Facilitated portfolio processes such as KWG §18
  • Tracability thanks to links to original file
  • Higher data quality

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Your advantages

Time saving

The automatic process saves your staff 90% of the time they spend reading out financial statements.

Tracability

Each value can be attributed to the original file at any time and is thus traceable for all analysts.

High quality

Improved data quality through human and AI collaboration.

"The savings for us as auditors are enormous. The integration project was a highlight for everyone involved."

Kjer Dabelstein
Manager

"Annotations and references are automatically transferred to the updated notes. Easy-to-use software, thanks to the intuitive user interface."

Aydin Demir
Executive Member

"With the Notes Auditor, we check notes quickly and easily - thanks to the roll-over feature for the following years, mostly automatically. The Notes Auditor is always being further developed and our feedback was always implemented quickly and uncomplicated."

Andreas Peters
Auditors

"With the help of the Notes Auditor and its simple, intuitive handling, we can focus on the essentials during the review and save a significant amount of time. By linking the checklist and the notes, we increase our documentation-quality and make our review easier."

Waldemar Ebel
Auditing Assistant

"The Notes Auditor not only saved us time, but also improved our quality and audit traceability at the same time."

Jasmin Bouecke
Manager

Simple integration

Plan

Analysis of current processes, definition of interfaces and mapping to your specific data model (EBIL, XBRL, etc.).

Testing

After the planning phase, the test environment is activated for you. Your staff can now use the tool parallel to the old process.

Launch

Our Software-as-a-Service solution is fully integrated into your process and is now ready for automated analysis.

Optimise

In order to adapt to your needs in the future, we continuously track KPIs and conduct mid-term reviews for product optimisation.

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Balance Reader

The audit process with the
Notes Auditor

1

Upload the financial report

The financial report is uploaded as a PDF to the Balance Reader. The software analyses the file and identifies the balance sheet, income statement and cash flow statement.

2

Analysing tables

For example, balance sheet items and the associated currency, unit and period are extracted from the tables. All extracted data is linked to the table cell in the original file and can be traced back at any time.


3

Structured preparation of data 

The extracted content is transferred into your desired data structure. You retain full control during this process and can make individual adjustments at any time. The system learns from this and continuously improves.

4

Result of the extraction 

The result can be automatically imported into subsequent systems, exported as Excel or made available in a database and queried via an interface.

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Checklists

Checklists are an essential part of the notes audit.

To ensure the highest quality for your audit, we work together with the IDW. This means that the IDW Einzelabschluss-checklist and the
IDW Konzernabschluss-checklist are available to you.

Do you use a different checklist? We would be happy to add your individual checklist.

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Let's talk

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